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After you file
@crmccarty wrote:
Under the first section of the letter I received refers to the Recovery Rebate Credit.
The fourth reason listed under Why we changed your information refers to the maximum allowed AGI for filing jointly
Yes, the IRS would reduce the credit slightly if your AGI was just over the $150,000 threshold.
Form the Form 1040 instructions for Line 30 Recovery Rebate Credit worksheet page 59 - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=59
Is the amount on line 11 of Form 1040 or 1040-SR more than the amount shown below for your filing status?
• Single or Married filing separately—$75,000
• Married filing jointly or qualifying widow(er)—$150,000
• Head of household—$112,500
March 20, 2022
12:13 PM